Aave whales scoop 8% of supply amid sell-off – A move to $210 possible IF…
The post Aave whales scoop 8% of supply amid sell-off – A move to $210 possible IF… appeared on BitcoinEthereumNews.com.
The recent Aave governance drama presented smart money with a perfect opportunity to scale exposure to the DeFi platform at a discounted rate. AAVE dumped 20% to lows of $143 and wiped out over $500 million from the altcoin’s market. However, during the chaos, the Top 100 Addresses increased their holdings to 12.92 million AAVE, adding approximately 8% of the total supply. Now the Top 100 Addresses control 80% of the overall AAVE supply. Source: Nansen/Jordi Whales or large holders also increased by 66% over the same period between early and late December. The whale wallets with holdings of over $1 million surged from 120k to 200k, underscoring massive whale demand as other retail investors backed out during the governance drama. Source: Nansen/Jordi But most importantly, the selling pressure across exchanges also declined substantially. AAVE selling pressure declines Santiment data showed that during the peak of the Aave Labs-DAO drama and the Christmas week voting period, AAVE tokens on exchanges surged from 1.22 million to 1.43 million coins. This resulted in a surge in selling pressure, coinciding with the sharp decline from $182 to $143. However, the selling pressure eased to 1.31 million AAVE at the time of writing as tracked by Supply on Exchanges (red). Source: Santiment Worth pointing out that the selling pressure also eased after Aave Labs and Aave founder Stani Kulechov promised to share non-protocol revenue with tokenholders. Although the hostilities were de-escalated, the drama is not yet over unless the different factions finalize negotiations in a binding and enforceable agreement. That said, the derivatives market demand remained flat at around $130-$150 million in Open Interest, the same level seen during the muted market in Q4 2025. AAVE could rally 30% if… On the price charts, AAVE bulls have attempted to reclaim the 50-day Moving Average…
Filed under: News - @ January 11, 2026 6:06 am